Chapter VI - Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs, (From Rule 101 to Rule 110)
Chapter VI - Proceedings and Procedures - Meetings of creditors or partners in a winding up by Tribunal and of creditors in a voluntary winding up (From Rule 168 to Rule 190)
Chapter VI - Proceedings and Procedures - Proxies in relation to meetings in winding-up by Tribunal and to meetings of creditors in a voluntary winding-up (From Rule 191 to Rule 200)
Chapter VI - Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc. (From Rule 206 to Rule 209)
Chapter VI - Proceedings and Procedures - Examination of person suspected of having property of LLP etc. and examination of partners, designated partners, officers etc., in connection with the fruad etc. (From Rule 210 to Rule 224)
Chapter VI - Proceedings and Procedures - Application against delinquent partners, designated partners and officers of the LLP (From Rule 225 to Rule 234)
Chapter VI - Proceedings and Procedures - Payment of unclaimed distributable sums and undistributed assets into the LLPs liquidation account in a winding up (From Rule 296 to Rule 298)
Liquidator powers in winding up: manage LLP assets, invite bids, investigate affairs and report under Tribunal control. The Liquidator, subject to Tribunal sanction and control, shall manage the LLP's business for beneficial winding up, take custody of assets and records, realize property (including intangible assets) by sale or other means, obtain valuations and invite bids by advertisement with prescribed particulars and timelines, permit inspection and receive bids within stipulated windows, file a report on bid outcomes, investigate affairs for fraud or misfeasance and report to the Tribunal within one year (or explain otherwise), summon persons for statements, maintain separate bank accounts and books for each LLP, examine creditor claims and prepare lists, and perform all acts necessary for winding up as directed by the Tribunal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liquidator powers in winding up: manage LLP assets, invite bids, investigate affairs and report under Tribunal control.
The Liquidator, subject to Tribunal sanction and control, shall manage the LLP's business for beneficial winding up, take custody of assets and records, realize property (including intangible assets) by sale or other means, obtain valuations and invite bids by advertisement with prescribed particulars and timelines, permit inspection and receive bids within stipulated windows, file a report on bid outcomes, investigate affairs for fraud or misfeasance and report to the Tribunal within one year (or explain otherwise), summon persons for statements, maintain separate bank accounts and books for each LLP, examine creditor claims and prepare lists, and perform all acts necessary for winding up as directed by the Tribunal.
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